How would I solve this question in creating a double entry t-acount in solving the following question: An entrepreneur incorporated company X in 2099 with a contribution of $100,000 in cash and a plot of land worth $50,000. The Company issued stock and gave it all to the entrepreneur for both contributions

How would I solve this question in creating a double entry t-acount in solving the following question: An entrepreneur incorporated company X in 2099 with a contribution of $100,000 in cash and a plot of land worth $50,000. The Company issued stock and gave it all to the entrepreneur for both contributions

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter18: Corporations: Organization And Capital Structure

Section: Chapter Questions

Problem 37P

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